On December 24, 2024, President-elect Donald Trump appointed Stephen Miran as the Chair of the Council of Economic Advisers (CEA). Miran, a former Treasury official and economist at Hudson Bay Capital Management, is recognized for his strong pro-cryptocurrency stance, which aligns with Trump's broader economic agenda [bdc8445a].
Miran's appointment is seen as a strategic move to bolster the U.S. position in the cryptocurrency market. He has been critical of Federal Reserve Chair Jerome Powell's regulatory approach and aims to foster a 'booming, non-inflationary economy' [bdc8445a]. In addition to Miran, Trump nominated Paul Atkins for the Securities and Exchange Commission (SEC) and David Sacks as the 'Crypto Czar,' further signaling a commitment to cryptocurrency and digital assets [bdc8445a].
Miran, who holds a doctorate in economics from Harvard University, previously served as a senior adviser at the Treasury during Trump's first term. His focus on tariffs and innovative financial solutions is expected to play a crucial role in shaping economic policies as the new administration takes office [dca307b5].
Moreover, Trump appointed Bo Hines as the Executive Director of the Presidential Council of Advisers for Digital Assets, reinforcing the administration's dedication to making the U.S. a leader in the cryptocurrency space [bdc8445a]. As Miran prepares to assume his role, he will be instrumental in advising on economic issues and global trends, particularly in the context of the evolving digital economy [bdc8445a].